Accounting
Southwest College
Center of Excellence – Business Administration
Department Chair – Dr. Marina Grau
Program Coordinator – Charles Lewis
FALL 2015
ACNT 2304 – INTERMEDIATE ACCOUNTING II
Meeting days and Time: THURSDAY 6-9PM
Course Reference Number:
Instructor: Donald R. Bond, CPA
Instructor of Accounting
Office Hours: By appointment
Office No: 713-718-7865
Email: donald.bond@hccs.edu
Basic Course Goals
Intermediate Accounting is divided into two (2) courses at Houston Community College
and most other universities, Intermediate Accounting I (ACNT 2303) and Intermediate
Accounting II (ACNT 2304). The primary purpose of this course is to provide a handson approach to the study of accounting. Many students must take an accounting course in
preparation for an academic degree or technical program. Employers may require
accounting skills, or a student may be self-employed and need to do his/her own
bookkeeping. This course is designed to meet these needs, in both manual and
computerized settings
Course Description:
Continued in-depth analysis of generally accepted accounting principles underlying the
preparation of financial statements including comparative analysis and statement of cash
flows. Topics included are bonds, leases, pension plans, corporate paid-in-capital, special
purpose securities, retained earnings, tax allocation, inflation accounting, funds
statement, and financial statement analysis.
Textbook and Related Material
Required for the course
Text: Intermediate Accounting 15th Ed., by Donald E. Kieso, Jerry J. Weygandt and
Terry D. Warfield, Publisher: Wiley and Company
ISBN: 978-1-118-93878-2 (full 24 chapter book)
Evaluation and Requirements:
Students are expected to read all assigned chapters, complete and submit all assignments
on due dates, and attend all classes. The nature of the course is such that perfect
attendance is essential for mastery of the course content. A missed class can never be
duplicated.
Accounting is best learned through doing. Therefore, there are always homework
assignments to do. This will require a considerable commitment of time and effort from
you. Typically, the successful student in college can count on 3 hours of independent
study for every hour in the classroom.
Students are responsible for the “learning objectives” at the beginning of each chapter.
Accounting is a subject that cannot be mastered passively. The concepts and ideas can be
compared to building blocks – each serves as a foundation for new ones. It is extremely
important that each student be actively involved in the learning process. This requires
intensive study of each chapter, the study guide, and continuous application of the ideas
to homework problems.
Your final grade for this course will be based on how well you do in meeting the
evaluation requirements listed on your assignment schedule and applying the grading
scale which is listed below.
It’s very important to read the text before coming to lecture. By reading the text students
should be able to follow the lecture, do well on quizzes and examinations. Students are
responsible for all textbook material covered, assigned outside readings, and material
discussed in class, unless specifically excluded by the instructor.
Exams will consist primarily of problems, short answer, and multiple-choice questions.
There are no makeup exams. I will not DROP an exam. Also, during the exams
students will not be allowed to leave the classroom until the end of the allotted time.
Semester Outline: The semester schedule is subject to modification. All changes to the
syllabus will be announced in the class.
Assigned exercises and problems are given for reinforcement of materials covered in the
class. The syllabus indicates the assignments.
Course Learning Outcomes:
1.
Identify the various types of current liabilities and describe how they are
valued.
2.
Distinguish between long term and short term liabilities.
3.
Explain how contingencies affect financial statements.
4.
Identify the various types of bond issues and describe how they are valued.
5.
Apply the methods of bond discount and premium amortization.
6.
Describe the accounting procedures for extinguishment of debt.
7.
Explain the accounting procedures for long-term notes payable.
8.
Explain the reporting of off-balance sheet financing arrangements.
9.
Calculate stockholders’ equity.
10.
Account for various types of stock transactions.
11.
Explain the difference between dilative and non-dilative securities.
12.
Calculate earnings per share.
13.
Identify the categories of equity and debt securities and describe the
accounting and reporting treatment for each category.
14.
Discuss the accounting for impairments of debt and equity investments.
15.
Identify differences between pretax financial income and taxable income.
16.
Describe various temporary and permanent differences and how they are
handled.
17.
Apply accounting procedures for a loss carryback and a loss carryforward.
18.
Identify types of pension plans and their characteristics.
19.
Explain alternative measures for valuing the pension obligation.
20.
Identify the components of pension expense.
21.
Describe the reporting requirements for pension plans in financial statements.
22.
Contrast the accounting criteria and procedures for capital leases and
operating leases.
23.
Identify the types of accounting changes and how to account for these
changes.
24.
Describe the accounting for correction of errors.
25.
Describe the purpose of the statement of cash flows and the difference
methods of calculating cash flows.
26.
Identify the major classifications of cash flows.
27.
Prepare a statement of cash flows.
GRADING:
2 Sectional Exams
Final examination
Project
Homework
Quizzes
Total
300 points
150 points
100 points
400 points
100 points
1050 points
Final letter grades will be determined using the standard Texas Southern University scale
as follows:
A
Percent
100-90
B
Percent
80-89
C
Percent
70-79
D
Percent
60-69
F
< 60
SPECIAL NOTICE:
The final examination is MANDATORY and cannot be dropped! It will be a
comprehensive examination.
Drops and Withdrawals:
It is the responsibility of each student to officially drop or withdraw from a course.
Failure to officially withdraw may result in the student receiving a grade of F in the
course.
International Students: Receiving a W in the course may affect the status of your student
visa. Once a W is given for the course, it can not be changed to an F because of visa
considerations.
New Policy: Students who repeat a course three or more time may soon face significant
tuition/fee increases at Texas public colleges and universities. Please seek tutoring or
other assistance prior to considering course withdrawal.
Class Attendance:
Students are expected to attend class regularly. Students are responsible for materials
covered during their absences.
Students with Disabilities
Any student with a documented disability (e.g. physical, learning, psychiatric, vision,
hearing, etc.) who needs to arrange reasonable accommodations must contact the
Disabilities Services Office at the beginning of each semester. Faculty is authorized to
provide only the accommodations requested by the Disability Support Services Offices.
Academic Honesty
Students are responsible for conducting themselves with honor and integrity in fulfilling
course requirements. Penalties and/or disciplinary proceedings may be initiated against a
student accused of scholastic dishonesty.
Assignment Schedule
An assignment schedule is attached to this syllabus. This schedule will be followed
throughout this course. Any modification to this schedule will be announced in class.
ACNT 2304 HCC
DATE
09/03
DAY CH
T
13
TOPIC
Classes Begin
Current Liabilities and Contingencies
09/03
09/10
09/17
09/24
10/01
10/08
10/15
10/22
10/29
10/30
11/05
11/12
11/19
11/26
12/03
T
T
T
T
T
T
T
T
14
15
16
T
T
T
T
T
21
22
23
Long-Term Liabilities
Stockholders’ Equity
Dilutive Securities and Earnings Per Share
Exam #1 Chapters 13-15
Investments
Revenue Recognition
Accounting for Income Taxes
Accounting for Pensions and Postretirement
Exam #2 Chapters 16-19
LAST DAY TO WITHDRAW
Accounting for Leases
Accounting Changes and Error Analysis
Statement of Cash Flows
HOLIDAY
Full Disclosure in Financial Reporting
12/03
12/10
T
T
17
18
19
20
24
Review for final exam
Final Exam Chapters 13-24 IN CLASS
Homework and Quizzes will be announced in class.